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Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
 - B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm
- Orpheus to receive net $US8 per tonne on all coal sales, expected to be US$240,000 per month
- Orpheus not responsible for any capital, operating or marketing expenses
COALspot.com - Orpheus Energy (ASX:OEG) is pleased to advise that its Indonesian mining contractor PT Debbia Mining has successfully completed the removal of overburden and exposed coal at its 51% owned B2 project in East Kalimantan, Indonesia, according to a note released through Six Degrees Investor Relations today.
Coal production will now commence from the new pit, located in the central section of the tenement area, ramping up to 30,000tpm. Coal will be transported by truck to the nearby barge loading facility at Tampang Village, ~ 27 km away from the mine site, comany further said in its note.
Orpheus is not responsible for any capital, operating or coal marketing expenses under the life of mine arrangement with PT Debbia Mining. As previously announced on 2 July 2012, Orpheus will receive a royalty of net US$ 8 per tonne of coal sold, and at the expected production rate this will earn Orpheus US$ 240,000 per month.
The current JORC coal resource at the B2 project of 0.95 Mt indicated and 0.18Mt inferred will provide an initial mine life of approximately three years. The current mine plan allows for PT Debbia Mining to move to the adjacent B6 project (currently contains an exploration target of 1.5 Mt to 2.5 Mt and calorific value of 5,950 to 6,850 kcal/kg*) as B2 coal reserves are depleted.
Orpheus will also commence a JORC drilling program at its nearby B34 project (current exploration target of 5 - 10Mt and calorific value of 7,200 to 8,100 kcal/kg*), in October 2012, approximately 60 km west, which will delineate additional resources to continue mining in this area.
Executive Chairman, Wayne Mitchell said, “ We are very happy with our mining contractor’ s positive progress at B2. Once we reach our 30,000tpm target production rate, the company will be in a cash-flow positive situation, which gives us the flexibility to focus on rapidly developing our other near-term production projects. We look forward to reporting to our shareholders coal sales revenue milestones over the next few months.”
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Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
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- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Planning Commission, India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- The University of Queensland
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
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